Bitwise launched its spot Hyperliquid ETF, BHYP, on Friday, becoming one of the first firms to provide regulated US exposure to HYPE.The exchange-traded fund (ETF) will offer investors direct spot exposure to HYPE while incorporating staking … [Continue reading]
Ethereum Price Forecast: ETH risks a long squeeze as rising Treasury yields weigh on risk assets
Ethereum price today: $2,220Ethereum briefly fell below $2,110 on Friday, marking its lowest level in over a month amid a surge in US Treasury yields.ETH's open interest climbed to a record high while funding rates continued a week-long positive … [Continue reading]
Japan: Energy shock lifts inflation more than GDP – ING
ING’s Min Joo Kang expects Japan’s economy to maintain similar growth to the previous quarter, with first-quarter Gross Domestic Product (GDP) seen rising 0.3% quarter-on-quarter. The war-related energy shock is judged to have limited impact on trade … [Continue reading]
Forecasting the upcoming week: Markets shift focus to PMIs and central bank events
The US Dollar Index (DXY) climbs above the 99.30 region, reaching fresh multi-week highs on Friday as stronger-than-expected United States (US) economic data reinforced expectations that the Federal Reserve (Fed) may keep interest rates elevated for … [Continue reading]
Asian FX: Dollar strength caps RMB-led optimism – OCBC
OCBC's strategist Christopher Wong says Asian FX remains constrained by a firm Dollar and higher US yields, despite some optimism around US–China talks. The Renminbi (RMB) is the main outperformer on lower USD/CNY fixes and policy-tolerated … [Continue reading]
United States CFTC S&P 500 NC Net Positions declined to $-143.8K from previous $-103.9K
EUR/USD remains well on the defensive, extending its weekly leg lower to the 1.1620-1.1615 band on Friday, or new five-week troughs. Meanwhile, the pair continues to suffer the broad-based strength of the Greenback and a cautious market mood, as firm … [Continue reading]
Japan CFTC JPY NC Net Positions fell from previous ¥-61.7K to ¥-75.1K
EUR/USD remains well on the defensive, extending its weekly leg lower to the 1.1620-1.1615 band on Friday, or new five-week troughs. Meanwhile, the pair continues to suffer the broad-based strength of the Greenback and a cautious market mood, as firm … [Continue reading]
United States CFTC Gold NC Net Positions climbed from previous $163.3K to $171.6K
EUR/USD remains well on the defensive, extending its weekly leg lower to the 1.1620-1.1615 band on Friday, or new five-week troughs. Meanwhile, the pair continues to suffer the broad-based strength of the Greenback and a cautious market mood, as firm … [Continue reading]
Gold sinks 2% as Iran war fuels fresh inflation shock
Gold price retreats by over 2.30% on Friday amid fears that prolonged hostilities between the US and Iran could trigger a second wave of inflation, forcing central banks to hike interest rates. The XAU/USD trades at $4,551 after bottoming at around … [Continue reading]
US Dollar: Hawkish Fed repricing drives breakout – ING
ING's Francesco Pesole notes the US Dollar (USD) is gaining strong short-term momentum as hotter US data reinforce expectations for a Federal Reserve (Fed) hike. With US Dollar Index (DXY) breaking above late April highs and no progress on Gulf … [Continue reading]